MSBT ETF Swallows Largest Bitcoin Inflow Since Launch
The MSBT ETF has seen its largest inflow of Bitcoin since inception, absorbing 1.1K BTC worth $93.89M from Coinbase Prime in a single transfer.
This significant influx comes as Bitcoin trades at $84,172.02 with a neutral RSI reading of 52.79.
The fund's largest inflow yet is a bullish sign for the cryptocurrency market, but analysts note that the death cross on the MACD and the Bollinger band's upper resistance at $88,890.55 indicate consolidation before any further price action.